Significant Wealth Partners LLC Makes New Investment in MFS Intermediate Income Trust (NYSE:MIN)

Significant Wealth Partners LLC bought a new position in shares of MFS Intermediate Income Trust (NYSE:MIN - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 546,050 shares of the financial services provider's stock, valued at approximately $1,463,000. MFS Intermediate Income Trust makes up about 1.1% of Significant Wealth Partners LLC's holdings, making the stock its 27th largest holding. Significant Wealth Partners LLC owned about 0.48% of MFS Intermediate Income Trust as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. EP Wealth Advisors LLC purchased a new stake in shares of MFS Intermediate Income Trust in the 3rd quarter valued at approximately $31,000. Register Financial Advisors LLC bought a new position in shares of MFS Intermediate Income Trust during the 4th quarter valued at $36,000. Northeast Investment Management bought a new position in shares of MFS Intermediate Income Trust during the 3rd quarter valued at $44,000. L.M. Kohn & Company grew its stake in MFS Intermediate Income Trust by 16.5% in the 3rd quarter. L.M. Kohn & Company now owns 31,125 shares of the financial services provider's stock valued at $83,000 after buying an additional 4,401 shares during the last quarter. Finally, Shayne & Jacobs LLC acquired a new position in MFS Intermediate Income Trust in the 3rd quarter valued at $100,000. 50.90% of the stock is currently owned by institutional investors.

MFS Intermediate Income Trust Stock Performance

NYSE:MIN traded up $0.02 during midday trading on Monday, reaching $2.59. The stock had a trading volume of 149,695 shares, compared to its average volume of 339,901. MFS Intermediate Income Trust has a 1-year low of $2.52 and a 1-year high of $2.88. The firm's fifty day simple moving average is $2.67 and its 200-day simple moving average is $2.69.

MFS Intermediate Income Trust Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Wednesday, April 17th will be given a $0.02 dividend. The ex-dividend date of this dividend is Tuesday, April 16th. This represents a $0.24 annualized dividend and a yield of 9.27%.

About MFS Intermediate Income Trust

MFS Intermediate Income Trust is a closed ended fixed income mutual fund launched and managed by Massachusetts Financial Services Company. The fund invests in fixed income markets across the globe. It primarily invests in debt instruments. The fund seeks to benchmarks the performance of its portfolio against the Barclays Intermediate U.S.